Okomu Oil Palm Company Plc has reported a robust financial position as of September 30, 2025, with total net assets climbing to N62.39 billion, representing a significant 12.5% increase from N55.48 billion recorded in December 2024.
The company’s statement of financial position, made available on the Nigerian Exchange Limited (NGX) website on Friday and approved by the Board of Directors on October 16, 2025, reveals substantial improvements across multiple metrics:
Asset Growth
– Total fixed assets increased to N86.47 billion from N76.99 billion, marking a 12.3% rise.
– Current assets expanded to N48.93 billion, up from N40.05 billion in December 2024.
– Cash and bank reserves surged by 46.4%, reaching N25.38 billion compared with N17.33 billion.
Inventory and Operations
– Inventory levels grew to N13.12 billion from N11.97 billion, indicating increased production capacity.
– Trade receivables rose to N9.58 billion from N8.95 billion.
Liability Management
The company demonstrated prudent financial management with strategic adjustments to its liability structure:
– Long-term loans decreased to N5.57 billion from N7.13 billion, reflecting debt-reduction efforts.
– Trade payables increased to N39.07 billion from N26.11 billion, likely due to expanded operations.
Capital Position
– Revenue reserves strengthened to N60.87 billion from N53.96 billion.
– Share capital and premium remained stable at N476.96 million and N1.87 billion, respectively.
– The company maintained its deferred taxation position at N13.02 billion.
The net current asset position shows a decrease to N9.86 billion from N13.93 billion, primarily due to the increase in trade payables. However, the overall asset-base expansion and strong cash position indicate solid operational performance and liquidity management.
The 46.4% surge in cash reserves is particularly noteworthy, suggesting strong cash generation from operations and providing the company with substantial flexibility for future investments and operational requirements.
The financial statements were signed by Dr G. Horler, Managing Director, and A. Arhainx, Chief Financial Officer, demonstrating executive confidence in the reported positions.
News.ng reports that Okomu Oil Palm Company’s strengthened balance sheet positions it well for continued growth in Nigeria’s palm-oil sector.
The combination of reduced long-term debt, increased cash reserves, and an expanded asset base suggests a company in a healthy financial position heading into the final quarter of 2025.
